RBHO inter spread has had some big fundamental happenings of late. Irving's plant back on line and diesel basis mostly. Best moves in energies haven't been flat price lately. Look at gas crack. 4.25 in 2 days. When the spreads calm down, THEN start looking for NLs to stabilize and bottoms or at least stagnation to come in.
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The ACD Method
- Thread starter sbrowne126
- Start date
RBHO inter spread has had some big fundamental happenings of late. Irving's plant back on line and diesel basis mostly. Best moves in energies haven't been flat price lately. Look at gas crack. 4.25 in 2 days. When the spreads calm down, THEN start looking for NLs to stabilize and bottoms or at least stagnation to come in.
I suspect the first fed rate high will send the market to the sky. I honestly think this trade is analogous to my long Bond call right before the debt downgrade in 2011. The whole world was leaning short into that event. I believe the same will be true in Dec and the shorts will get lit up. I think people are really underestimating how bullish the first fed rate hike will be.
It certainly seems to be following your prediction so far Mav.
DIA SPY IJH IJR IYT are all showing -2 on the 30 day lines and have all confirmed monthly A downs.
It will get interesting if we have the rate hike then confirm the weekly A ups next week.
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A bullish rally would be justified by equities displaying bullish price action through the lens of ACD.
If everyone is leaning short equities right now, yet ACD is showing strength through confirmed daily & weekly Aups along with a firming up of the number lines, then the market is telling us something that is not necessarily visible to all participants.
If this happens you will also have shorts eventually running for the exit, which will add further upside momentum.
If everyone is leaning short equities right now, yet ACD is showing strength through confirmed daily & weekly Aups along with a firming up of the number lines, then the market is telling us something that is not necessarily visible to all participants.
If this happens you will also have shorts eventually running for the exit, which will add further upside momentum.
Can't talk now.....a good source says 50 bp tomorrow!!!!!!! Not 25.....50!
Market will be up 400 tomorrow. Fifty IS bullish guys, not bearish.